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An Unblinking Glance at a National Catastrophe and the Potential Dissolution of the Eurozone: Greece’s Debt Crisis in Context

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  • C.J. Polychroniou

Abstract

As default on the Greek debt looms on the horizon, and the repercussions are likely to resonate throughout Europe and into worldwide financial markets. But the potential national bankruptcy did not rise out of a vacuum, and analysts who have been observing Greek financial policy for decades are not surprised. In this PERI research brief, C.J. Polychroniou explores the history of Greece’s joining the Eurozone, and examines the factors—economic, political, and social—that have led to this moment of crisis.

Suggested Citation

  • C.J. Polychroniou, 2011. "An Unblinking Glance at a National Catastrophe and the Potential Dissolution of the Eurozone: Greece’s Debt Crisis in Context," Research Briefs greece_research_brief_sep, Political Economy Research Institute, University of Massachusetts at Amherst.
    • Handle: RePEc:uma:perirb:greece_research_brief_sept11
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    Cited by:

    1. Sophocles Vogiazas & Constantinos Alexiou, 2013. "Liquidity And The Business Cycle: Empirical Evidence From The Greek Banking Sector," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 58(199), pages 109-126, October -.
    2. C.J. Polychroniou, 2013. "A Failure by Any Other Name: The International Bailouts of Greece," Economics Policy Note Archive 13-06, Levy Economics Institute.
    3. C. J. Polychroniou, 2012. "Greece's Bailouts and the Economics of Social Disaster," Economics Policy Note Archive 12-11, Levy Economics Institute.
    4. Vogiazas, Sophocles & Alexiou, Constantinos, 2014. "‘Putting The Horse Before The Cart’: A Pre-Crisis Panel Data Investigation Of Greek Bank’S Credit Growth," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 10(1-2), January.

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